On March 31, it was reported that Love Enterprise Check shows that recently, Zhejiang Shenghui New Materials Co., Ltd. was established, with Li Shuorong as the legal representative and a registered capital of 20 million yuan. The business scope includes: manufacturing high-performance fibers and composite materials; manufacturing graphite and carbon products; sales of graphite and carbon products; research and development of new materials technology; manufacturing bio-based materials; and sales of bio-based materials. Enterprise Check's equity penetration shows that the company is wholly owned indirectly by Rongsheng Petrochemical.

Source: Rongsheng Petrochemical 2024 Semi-Annual Report

It is worth mentioning that on March 31, Rongsheng Petrochemical stated on the investor interaction platform that, as an integrated domestic producer of propylene oxide-polyether polyols, it currently has an annual production capacity of 270,000 tons of propylene oxide and 380,000 tons of polyether polyols. Propylene oxide, as a raw material, can be processed to produce downstream products such as polyether polyols, which are widely used in the healthcare sector. For example, certain polyether polyols can be used to manufacture medical polyurethane materials. In the future, Rongsheng Petrochemical will continue to optimize its product portfolio, enhance product competitiveness, and expand high-end applications in the healthcare field.